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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (114366)	3/5/2005 3:58:06 PM
From: Henry J Costanzo	Respond to of 209892

<<.... from a TA standpoint the dominant pattern is the H&S which has hounded, powerful reversal signal which portends new highs..>> FYI and FWIW....quote from a TA textbook: "..one thing.....worth noting about H&S formations which fail of completion or produce false confirmations........A H&S which does not "work" is a warning that, even though there is still some life in the situation, a genuine turn is near. The next time something in the nature of a reversal pattern begins to appear on the charts it is apt to be final." Re BKX...case can be made that it "failed of completion" due to small, non-decisive break below neckline..... PS.. Words "hound/hounded" nowhere to be seen.....Cheers on a sunny....if freezing....Saturday afternoon....<G>